Listing #:1628479214

South Auckland ECE - Big Growth Opportunity Here

Location: Manukau City, Auckland
Providing care for children of families from the local surrounding community of a densely populated residential suburb of South Auckland is a thriving centre.

Current license is for 30 children however the vendor is underway with re-licensing for 45 and they have recently spent over $150K on renovating the centre to a very high standard; creating a safe, secure and dynamic learning environment.

Here are some of the financial highlights... In addition, you also have the option of purchasing the building -

- Returns on actuals/ forecast (for 18/19, based on 30 children) is circa $160K EBIDTA.
- Returns on 45 children could be as high as $250 - $300K. Conservative forecast would be $225K.
- As an example - Licenced for 45 and if the business produced an EBIDT of $250K, the business value would be thereabouts $1.125M. The building leased at $112,320 p/annum would be worth say $1.7M... Impressive gains!

Asking Price for the business is $700K however if you are interested in purchasing the land & buildings, this is available at $1.2M bringing the combined asking price to $1.9M.
Note: Current Rent based on 30 children is circa $75,000 p/annum. $48 p/child roughly.

To find out more, please visit www.barkerbusiness.co.nz/BBS2302, register your details and submit the online Confidentiality Agreement. Once Brett receives your expression of interest he will be in touch.

*Source of information - Supplied by the Business Owner.

Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2018.

Agency reference #: BBS2302
Asking price: $700,000
Listed: Thu 10 May, 2:24 pm
Brett Barker
Barker Business Brokerage
  • Contact details
  •  (09) 4480751
  •  (021) 744990

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Agent's details

Brett Barker
  •  (09) 4480751
  •  (021) 744990
Barker Business Brokerage
(09) 4480755

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